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Side-by-side financial comparison of Hanover Bancorp, Inc. (HNVR) and Velo3D, Inc. (VELO). Click either name above to swap in a different company.
Hanover Bancorp, Inc. is the larger business by last-quarter revenue ($18.6M vs $9.4M, roughly 2.0× Velo3D, Inc.). Hanover Bancorp, Inc. runs the higher net margin — 0.2% vs -231.9%, a 232.1% gap on every dollar of revenue. On growth, Hanover Bancorp, Inc. posted the faster year-over-year revenue change (3.3% vs -25.2%). Hanover Bancorp, Inc. produced more free cash flow last quarter ($12.2M vs $-8.3M). Over the past eight quarters, Hanover Bancorp, Inc.'s revenue compounded faster (6.1% CAGR vs -1.8%).
Hanover Bancorp, Inc. is a U.S. regional bank holding company based in Maryland. It offers retail and commercial banking services including deposits, business loans, mortgages, personal lending and wealth management, serving consumers, SMEs and local groups across Maryland and adjacent mid-Atlantic markets.
Velo3D, Inc. develops and sells advanced end-to-end metal additive manufacturing (3D printing) solutions, comprising industrial-grade printers, specialized processing software, and high-performance metal materials. It primarily serves global aerospace, defense, energy, semiconductor and industrial manufacturing markets, enabling customers to produce complex, high-precision metal parts that are difficult to manufacture with traditional methods.
HNVR vs VELO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $18.6M | $9.4M |
| Net Profit | $33.0K | $-21.9M |
| Gross Margin | — | -73.6% |
| Operating Margin | 0.7% | -231.0% |
| Net Margin | 0.2% | -231.9% |
| Revenue YoY | 3.3% | -25.2% |
| Net Profit YoY | -99.2% | -2.9% |
| EPS (diluted) | $0.00 | $-0.87 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $18.6M | $9.4M | ||
| Q3 25 | $18.0M | $13.6M | ||
| Q2 25 | $18.4M | $13.6M | ||
| Q1 25 | $18.4M | $9.3M | ||
| Q4 24 | $18.0M | $12.6M | ||
| Q3 24 | $17.1M | $8.2M | ||
| Q2 24 | $16.9M | $10.3M | ||
| Q1 24 | $16.5M | $9.8M |
| Q4 25 | $33.0K | $-21.9M | ||
| Q3 25 | $3.5M | $-11.2M | ||
| Q2 25 | $2.4M | $-13.3M | ||
| Q1 25 | $1.5M | $-25.0M | ||
| Q4 24 | $3.9M | $-21.3M | ||
| Q3 24 | $3.5M | $-21.9M | ||
| Q2 24 | $844.0K | $935.0K | ||
| Q1 24 | $4.1M | $-27.5M |
| Q4 25 | — | -73.6% | ||
| Q3 25 | — | 3.2% | ||
| Q2 25 | — | -11.7% | ||
| Q1 25 | — | 7.5% | ||
| Q4 24 | — | -3.5% | ||
| Q3 24 | — | 49.4% | ||
| Q2 24 | — | -28.0% | ||
| Q1 24 | — | -28.8% |
| Q4 25 | 0.7% | -231.0% | ||
| Q3 25 | 25.9% | -73.3% | ||
| Q2 25 | 18.4% | -85.4% | ||
| Q1 25 | 9.6% | -123.6% | ||
| Q4 24 | 28.9% | -167.0% | ||
| Q3 24 | 27.1% | -213.8% | ||
| Q2 24 | 6.9% | -187.7% | ||
| Q1 24 | 32.7% | -211.1% |
| Q4 25 | 0.2% | -231.9% | ||
| Q3 25 | 19.4% | -82.0% | ||
| Q2 25 | 13.3% | -97.7% | ||
| Q1 25 | 8.3% | -268.4% | ||
| Q4 24 | 21.7% | -168.5% | ||
| Q3 24 | 20.7% | -265.3% | ||
| Q2 24 | 5.0% | 9.0% | ||
| Q1 24 | 24.6% | -281.2% |
| Q4 25 | $0.00 | $-0.87 | ||
| Q3 25 | $0.47 | $-0.65 | ||
| Q2 25 | $0.33 | $-0.94 | ||
| Q1 25 | $0.20 | $-1.87 | ||
| Q4 24 | $0.52 | $7.06 | ||
| Q3 24 | $0.48 | $-35.52 | ||
| Q2 24 | $0.11 | $1.65 | ||
| Q1 24 | $0.55 | $-55.51 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $208.9M | $39.0M |
| Total DebtLower is stronger | — | $31.0M |
| Stockholders' EquityBook value | $200.3M | $38.2M |
| Total Assets | $2.4B | $105.3M |
| Debt / EquityLower = less leverage | — | 0.81× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $208.9M | $39.0M | ||
| Q3 25 | $167.6M | $11.8M | ||
| Q2 25 | $164.5M | $854.0K | ||
| Q1 25 | $160.2M | $3.9M | ||
| Q4 24 | $162.9M | $1.2M | ||
| Q3 24 | $141.2M | $1.6M | ||
| Q2 24 | $141.1M | $3.2M | ||
| Q1 24 | $136.5M | $10.9M |
| Q4 25 | — | $31.0M | ||
| Q3 25 | — | $23.0M | ||
| Q2 25 | — | $22.5M | ||
| Q1 25 | — | $21.7M | ||
| Q4 24 | — | $5.7M | ||
| Q3 24 | — | $32.3M | ||
| Q2 24 | — | $33.5M | ||
| Q1 24 | — | $44.0M |
| Q4 25 | $200.3M | $38.2M | ||
| Q3 25 | $201.8M | $29.9M | ||
| Q2 25 | $198.9M | $21.4M | ||
| Q1 25 | $196.6M | $32.8M | ||
| Q4 24 | $196.6M | $39.7M | ||
| Q3 24 | $192.3M | $34.4M | ||
| Q2 24 | $190.1M | $52.1M | ||
| Q1 24 | $189.5M | $45.5M |
| Q4 25 | $2.4B | $105.3M | ||
| Q3 25 | $2.3B | $93.7M | ||
| Q2 25 | $2.3B | $78.4M | ||
| Q1 25 | $2.3B | $91.3M | ||
| Q4 24 | $2.3B | $89.2M | ||
| Q3 24 | $2.3B | $110.8M | ||
| Q2 24 | $2.3B | $116.7M | ||
| Q1 24 | $2.3B | $136.1M |
| Q4 25 | — | 0.81× | ||
| Q3 25 | — | 0.77× | ||
| Q2 25 | — | 1.05× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.14× | ||
| Q3 24 | — | 0.94× | ||
| Q2 24 | — | 0.64× | ||
| Q1 24 | — | 0.97× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $13.1M | $-7.7M |
| Free Cash FlowOCF − Capex | $12.2M | $-8.3M |
| FCF MarginFCF / Revenue | 65.5% | -88.3% |
| Capex IntensityCapex / Revenue | 4.7% | 6.4% |
| Cash ConversionOCF / Net Profit | 395.48× | — |
| TTM Free Cash FlowTrailing 4 quarters | $16.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.1M | $-7.7M | ||
| Q3 25 | $2.7M | $-6.0M | ||
| Q2 25 | $-2.1M | $-1.2M | ||
| Q1 25 | $4.1M | $-12.3M | ||
| Q4 24 | $5.4M | $-2.2M | ||
| Q3 24 | $-547.0K | $-2.0M | ||
| Q2 24 | $-3.1M | $-8.0M | ||
| Q1 24 | $3.6M | $-20.5M |
| Q4 25 | $12.2M | $-8.3M | ||
| Q3 25 | $2.4M | $-6.3M | ||
| Q2 25 | $-2.2M | $-3.0M | ||
| Q1 25 | $3.9M | — | ||
| Q4 24 | $4.1M | $-2.2M | ||
| Q3 24 | $-876.0K | $-2.0M | ||
| Q2 24 | $-4.5M | $-8.0M | ||
| Q1 24 | $3.3M | $-20.5M |
| Q4 25 | 65.5% | -88.3% | ||
| Q3 25 | 13.5% | -46.5% | ||
| Q2 25 | -11.7% | -22.2% | ||
| Q1 25 | 21.2% | — | ||
| Q4 24 | 23.1% | -17.7% | ||
| Q3 24 | -5.1% | -24.2% | ||
| Q2 24 | -26.9% | -77.1% | ||
| Q1 24 | 19.9% | -209.8% |
| Q4 25 | 4.7% | 6.4% | ||
| Q3 25 | 1.8% | 2.3% | ||
| Q2 25 | 0.5% | 13.3% | ||
| Q1 25 | 1.2% | 0.0% | ||
| Q4 24 | 7.2% | 0.2% | ||
| Q3 24 | 1.9% | 0.2% | ||
| Q2 24 | 8.6% | 0.0% | ||
| Q1 24 | 1.9% | 0.1% |
| Q4 25 | 395.48× | — | ||
| Q3 25 | 0.79× | — | ||
| Q2 25 | -0.84× | — | ||
| Q1 25 | 2.70× | — | ||
| Q4 24 | 1.39× | — | ||
| Q3 24 | -0.15× | — | ||
| Q2 24 | -3.68× | -8.52× | ||
| Q1 24 | 0.89× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
